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Wintrust Financial (WTFC) in Rosemont, Ill., has agreed to buy 11 branches in Wisconsin from Talmer Bancorp (TLMR) in Troy, Mich.
April 10 -
First Federal and Bay View are combining similar sized institutions that have complementary infrastructure, earnings and products. Though small, the deal could serve as a model for mutuals interested in keeping their charter and culture.
April 1
Struggling North Milwaukee Bancshares is asking its home city for a cash infusion, but the city has so far been reluctant to make a commitment.
The $81 million-asset company has asked the Milwaukee Economic Development Corporation, a
However, MEDC officials said they want to find out more information about the bank's stock offering before making any investment, which could give it up to a 17% ownership in the company.
North Milwaukee State Bank, its only subsidiary, has struggled financially in recent years, losing $680,000 in 2013 and $979,000 in 2012, according to FDIC records.
It has also come under scrutiny from federal regulators. In a written agreement with the Federal Reserve
North Milwaukee, which operates two branches in the city, said the funds raised from the stock offering will be used to improve the bank's equity capital.